This document provides information to help homeowners considering selling their house this spring. It discusses the strong buyer demand and lower housing inventory that creates a seller's market. It also outlines 5 reasons to sell in the spring, including strong buyer activity, less competition from other sellers, a quicker home selling process, an opportunity to move up to a premium home before prices increase further, and that it may be time to move on with your life goals. The document provides tips on accurately pricing your home, choosing a real estate professional to represent you, and preparing your home to sell.
Thinking about selling your Columbus Ohio area home this spring? This guide will answer a lot of questions you may have about when is the best time to sell you home, as well as who would be the best person to do that.
Thinking about selling your home yourself? Read on to see why you may be leaving money on the table by not using an agent.
5 Reasons To Sell Your Home This WinterGina Madeya
When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles.
Here are five reasons listing your home for sale this winter makes sense.
If you are a homeowner looking to take advantage of your home equity by moving up to your dream home, let’s get together to discuss your options! 1-425-495-0926
It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don’t need to go through the process alone.
You may be wondering if prices are projected to rise or fall…or if you should rent your house instead of selling it. The free eGuide below will answer many of your questions and likely bring up a few things you haven’t even thought about yet.
Check it out, and feel free to get in touch if you have any questions.
It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don't need to go through the process alone.
You may be wondering if prices are projected to rise or fall...or if you should rent your house instead of selling it. The free eGuide below will answer many of your questions and likely bring up a few things you haven’t even thought about yet.
Check it out, and feel free to get in touch if you have any questions.
This is a guide to provide important information about selling your home during the winter of 2017. Contact Jessica Eve Morgan for a complimentary Home Evaluation. (646) 820-7855
Thinking about selling your Columbus Ohio area home this spring? This guide will answer a lot of questions you may have about when is the best time to sell you home, as well as who would be the best person to do that.
Thinking about selling your home yourself? Read on to see why you may be leaving money on the table by not using an agent.
5 Reasons To Sell Your Home This WinterGina Madeya
When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles.
Here are five reasons listing your home for sale this winter makes sense.
If you are a homeowner looking to take advantage of your home equity by moving up to your dream home, let’s get together to discuss your options! 1-425-495-0926
It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don’t need to go through the process alone.
You may be wondering if prices are projected to rise or fall…or if you should rent your house instead of selling it. The free eGuide below will answer many of your questions and likely bring up a few things you haven’t even thought about yet.
Check it out, and feel free to get in touch if you have any questions.
It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don't need to go through the process alone.
You may be wondering if prices are projected to rise or fall...or if you should rent your house instead of selling it. The free eGuide below will answer many of your questions and likely bring up a few things you haven’t even thought about yet.
Check it out, and feel free to get in touch if you have any questions.
This is a guide to provide important information about selling your home during the winter of 2017. Contact Jessica Eve Morgan for a complimentary Home Evaluation. (646) 820-7855
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
Things to Consider When Buying a Home (Fall 2021) | KM Realty Group ChicagoTammy Jackson
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
We Make Real Estate Buying and Selling Easy.
https://kmrealtygroup.net/
Let's connect with a real estate professional to discuss your home buying or selling process. https://bit.ly/connect-km-realty
Finding and purchasing a home that will meet your needs is a significant and often stressful time. Our goal is to make this transition as smooth as possible.
To obtain the highest possible sales price for your home, the marketing must reach the right buyers with the right message. We have the network and experience to do this.
This is a guide to provide important information about selling your home during the winter of 2017. Contact Jessica Eve Morgan for a complimentary Home Evaluation. (646) 820-7855
Things to Consider When Selling Your House (Fall 2022) | Chicago Real EstateTammy Jackson
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
Contact the professionals now and schedule a free consultation.
✅ https://kmrealtygroup.net/contact-us/
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
Things to Consider When Buying a Home (Fall 2021) | KM Realty Group ChicagoTammy Jackson
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
We Make Real Estate Buying and Selling Easy.
https://kmrealtygroup.net/
Let's connect with a real estate professional to discuss your home buying or selling process. https://bit.ly/connect-km-realty
Finding and purchasing a home that will meet your needs is a significant and often stressful time. Our goal is to make this transition as smooth as possible.
To obtain the highest possible sales price for your home, the marketing must reach the right buyers with the right message. We have the network and experience to do this.
This is a guide to provide important information about selling your home during the winter of 2017. Contact Jessica Eve Morgan for a complimentary Home Evaluation. (646) 820-7855
Things to Consider When Selling Your House (Fall 2022) | Chicago Real EstateTammy Jackson
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
Contact the professionals now and schedule a free consultation.
✅ https://kmrealtygroup.net/contact-us/
Things to Consider When Selling Your House Fall 2023 - KM Realty, Chicago GuideTammy Jackson
Ready to put your property on the market? With KM Realty Group's "Seller Guide", we're taking the guesswork out of the process! This comprehensive resource is designed to help you understand current market trends and equip you with powerful marketing materials to share with clients or bring to pre-listing appointments.
Our "Seller Guide" highlights:
📈 A deep-dive into the current Chicago real estate market, analyzing trends and forecasts.
🏡 Expert advice on how to effectively showcase your property with staging tips, professional photography, and open house strategies.
📊 A personalized evaluation of your property based on its location, size, and unique features.
📝 All you need to know about listing your property, streamlining the paperwork, and closing the deal.
With KM Realty Group standing by your side, we'll simplify the journey for you from start to finish. So let our "Seller Guide" be the key to achieving your real estate goals with ease!
Don't wait any longer! Get your free "Seller Guide" now:✅https://kmrealtygroup.net/properties/
For more information, visit our website at ✅ https://kmrealtygroup.net/
The real estate market is definitely in transition. Rates are high and inventory of available homes is low.
Each Massachusetts town may be require a different approach based on these variables.
We a providing this free guide which will make sure you cover all your bases when selling your home in Greater Boston.
It's difficult to know when is the best time to sell, or how to get the most money for your house, but you don't need to go through the process alone.
You may be wondering if prices are projected to rise or fall…or how much competition you may be facing in your market. The free eGuide below will answer many of your questions and likely bring up a few things you haven't even thought about yet.
Simply fill out the form below to receive your copy of the eGuide, and feel free to get in touch if you have any questions.
Michael Mahoney
Realtor®
www.HomesinBostonMass.com
text/cell 617.615.9435
Affiliated with Real Broker, MA LLC
Serving Greater Boston
MA Lic. #9051300
MA Broker Lic# 423031
Things to Consider When Buying a Home Spring 2023 in ChicagoTammy Jackson
Buying a home is an exciting process, but it can also be overwhelming. There are many factors to consider when buying a home — things from the condition of the house to neighborhood safety, to whether you're even ready for homeownership. In this presentation, we'll walk through some things to keep in mind when buying your first home or upgrading to your next one.
Things to Consider When Selling Your House (Summer 2022) - KM Realty Group LL...Tammy Jackson
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
Contact the professionals now and schedule a free consultation.
https://kmrealtygroup.net/contact-us/
Anna Lanuza Selling Your House Fall 2022Anna Lanuza
Anna Lanuza Selling Your Home Fall 2022 There’s no denying the housing market is undergoing a shift this season, but that shift actually gives you some unique benefits when you sell. Here’s a look at the key opportunities you have if you list your house this fall. Explore Neighborhood Profiles and see what Agoura Hills, Calabasas, San Fernando and Conejo Valley are all about. Get a head start. Connect With Me (Anytime, including now 310-295-8807) Buying or selling a home is one of largest decisions you will ever make, I will be there every step of the way. Let's talk about what you are looking for in a home, I will help you find it.
Things To Consider When Selling Your House - Fall 2023 EditionTom Blefko
If you are considering selling your house this Fall, this guide will inform you about the present market and add clarity to help you make good decisions about real estate.
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This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don’t need to go through the process alone.
You may be wondering if prices are projected to rise or fall…or how much competition you may be facing in your market. The free eGuide below will answer many of your questions and likely bring up a few things you haven’t even thought about yet.
The process of buying a home can be overwhelming at times, but you don’t need to go through it alone.
You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall. The free eGuide below will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying a home.
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
The process of buying a home can be overwhelming at times, but you don’t need to go through it alone.
You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall. The free eGuide below will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying a home.
Check it out, and feel free to get in touch if you have any questions.
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Newman George Leech
Oeiras Tech City, a historic development in the Oeiras municipality of Lisbon, is acquired by RE Capital and REIG. It is located on a 93,000-square-meter plot of land and combines co-living, business, and residential areas. It highlights ESG principles and is close to Tagus Park, which improves the urban landscape of Lisbon.
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
MC Heights-Best Construction Company in jhanglaraibfatim009
MC Heights stands as the epitome of excellence in construction within Jhang. With a commitment to unparalleled quality and innovative design, MC Heights redefines urban living in the heart of Jhang. Offering luxurious residential spaces, cutting-edge commercial complexes, and vibrant community areas, MC Heights caters to the diverse needs of modern lifestyles. Our dedication to superior craftsmanship and customer satisfaction ensures that every aspect of MC Heights exceeds expectations, making it the premier choice for those seeking unparalleled sophistication and comfort in Jhang.
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Avrupa Konutlari Yenimahalle - Listing TurkeyListing Turkey
Welcome to Avrupa Konutları Yenimahalle, where luxury living meets unparalleled convenience in the heart of Istanbul. Developed by Artaş Holding, one of Turkey’s leading construction companies, this prestigious residential project offers a contemporary lifestyle experience like no other.
https://listingturkey.com/property/avrupa-konutlari-yenimahalle/
2. THE HOUSING MARKET FORECAST
WHAT'S HAPPENING IN THE HOUSING MARKET?
WHAT TO EXPECT WHEN SELLING YOUR HOUSE
5 Reasons To Sell This Spring3
PICK THE PERFECT PARTNER
TABLE OF CONTENTS
How A Lack Of Listings Impacts The Market5
Dispelling The Myth About Home Affordability6
26% Of Homes With A Mortgage Are Now Equity Rich!7
Buyer Demand Continues To Outpace Inventory Of Homes For
Sale
8
2 Factors To Watch In Today's Real Estate Market9
What Does The Future Hold For Home Prices?11
Is the Recent Dip in Interest Rates Here to Stay?13
The Role Access Plays In Getting Your House Sold!14
The KonMari Method: Helping You Prepare Your House
for Sale
15
Make Sure The Price is Right From The Start16
Why You Shouldn’t For Sale By Owner17
5 Reasons to Hire A Real Estate Professional19
3. Below are five reasons listing your home for sale this spring makes sense.
1.Demand Is Strong
The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows
that buyer demand remains strong throughout the vast majority of the country. These
buyers are ready, willing and able to purchase… and are in the market right now! More
often than not, in many areas of the country, multiple buyers are competing with each
other to buy the same home.
Take advantage of the buyer activity currently in the market.
2.There Is Less Competition Now
Housing inventory is still under the 6-month supply that is needed for a normal
housing market. This means that, in the majority of the country, there are not enough
homes for sale to satisfy the number of buyers in the market.
Historically, the average number of years a homeowner stayed in his or her home
was six, but that number has hovered between nine and ten years since 2011. There
is a pent-up desire for many homeowners to move as they were unable to sell over
the last few years due to a negative equity situation. As home values continue to
appreciate, more and more homeowners will be given the freedom to move.
Many homeowners were reluctant to list their home over the last couple years, for
fear that they would not find a home to move in to. That is all changing now as more
homes come to market at the higher end. The choices buyers have will continue to
increase. Don’t wait until this other inventory comes to market before you decide
to sell.
5 Reasons To Sell This Spring
3
4. 3.The Process Will Be Quicker
Today’s competitive environment has forced buyers to do all they can to stand out
from the crowd, including getting pre-approved for their mortgage financing. This
makes the entire selling process much faster and much simpler as buyers know
exactly what they can afford before home shopping. According to Ellie Mae’s latest
Origination Insights Report, the time needed to close a loan is 49 days.
4.There Will Never Be a Better Time to Move Up
If your next move will be into a premium or luxury home, now is the time to move
up! The inventory of homes for sale at these higher price ranges has forced these
markets into a buyer’s market. This means that if you are planning on selling a
starter or trade-up home, your home will sell quickly AND you’ll be able to find a
premium home to call your own!
Prices are projected to appreciate by 4.6% over the next year according to
CoreLogic. If you are moving to a higher-priced home, it will wind up costing you
more in raw dollars (both in down payment and mortgage payment) if you wait.
5.It’s Time to Move on With Your Life
Look at the reason you decided to sell in the first place and determine whether it
is worth waiting. Is money more important than being with family? Is money more
important than your health? Is money more important than having the freedom to
go on with your life the way you think you should?
Only you know the answers to the questions above. You have the power to take
control of the situation by putting your home on the market. Perhaps the time has
come for you and your family to move on and start living the life you desire.
That is what is truly important.
4
5. Home values are up, home sales have slowed, and distressed sales (foreclosures
and short sales) have fallen to their lowest points in years.
However, there is one thing that is causing the industry to tap the brakes: a lack of
housing inventory. Buyer demand has remained strong throughout the year, but
supply has not kept up despite more listings coming to market.
Here are the thoughts of a few industry experts on the subject:
World Property Journal
“The slow pace of growth has thus far done little to reverse the long
contraction in inventory that took place from January 2015 to August 2018.
In July 2017, inventory was falling at its fastest pace since 2014 of 12.8
percent year-over-year.”
Robert Dietz, Chief Economist for the National Association of Home Builders
“A shortage of housing inventory, a deepening construction labor shortage
and high land costs are fueling the crisis”.
Aaron Terrazas, Senior Economist at Zillow
"For four years it felt like homebuyers couldn't catch a break as for-sale
inventory became tighter with each passing month…Homebuyers are not out
of the woods yet, but there is a glimmer of light on the horizon."
Danielle Hale, Chief Economist at Realtor.com
“For buyers, there is going to be more inventory. So that’s a bright spot… The
downside of that bright spot is it might not be in their price range.”
Bottom Line
If you are thinking of selling, now may be the time. Demand for your house will
be strong at a time when there is less competition. That could lead to a quick
sale for a great price.
How A Lack Of Listings Impacts The Market
5
6. We have all seen the headlines reporting that buying a home is less affordable today than it
was at any other time in the last ten years, and those headlines are accurate. But, have
you ever wondered why the headlines don’t say the last 25 years, the last 20 years, or even
the last 11 years?
The reason is because homes were less affordable than they are today 25, 20, or
even 11 years ago.
Obviously, buying a home is more expensive now than during the ten years
immediately following one of the worst housing crashes in American history.
Over the past decade, the market was flooded with distressed properties (foreclosures and
short sales) that were selling at 10-50% discounts. There were so many distressed properties
that the prices of non-distressed properties in the same neighborhoods were lowered and
mortgage rates were kept low to help the economy.
Low Prices + Low Mortgage Rates = High Affordability
Prices have since recovered and mortgage rates have increased as the economy has
gained strength. This has and will continue to impact housing affordability moving
forward.
However, let’s give affordability some historical context. The National Association of
Realtors
(NAR) issues their Affordability Index each month. According to NAR:
“The Monthly Housing Affordability Index measures whether or not a typical family
earns enough income to qualify for a mortgage loan on a typical home at the national
and regional levels based on the most recent monthly price and income data.”
NAR’s current index stands at 147.6. The index had been higher each of the last ten
years, peaking at 197 in 2012 (the higher the index the more affordable houses are).
But, the average index between 1990 and 2007 was just 123, and there were no years with
an index above 133. That means that homes are more affordable today than at any time
during the eighteen years between 1990 and 2007.
Bottom Line
Home prices have started to slow their growth to more historic norms as interest rates have
held steady. Both are indicators that affordability will remain steady or improve. Buying a
house is an attainable goal in most markets, since it is less expensive to buy today than it
was during the 18-year stretch immediately preceding the housing bubble and crash.
Dispelling the Myth About Home Affordability
6
7. 26% of Homes with a Mortgage are Now Equity Rich!
Bottom Line
If you are a homeowner looking to take advantage of your home equity by moving
up to your dream home, let’s get together to discuss your options!
The map on
the right
shows the
share of
properties
with a
mortgage in
each state
that were
equity rich in
Q4 2018.
Rising home prices have been in the news a lot lately and much of the focus has been on
whether home prices are accelerating too quickly, as well as how sustainable the growth
in prices really is. One of the often-overlooked benefits of rising prices, however, is the
impact that they have on a homeowner’s equity position.
Home equity is defined as the difference between a home's fair market value and the
outstanding balance of all liens (loans) on the property. While homeowners pay down their
mortgages, the amount of equity they have in their homes climbs each time the value of
their homes go up!
According to the latest Equity Report from ATTOM Data Solutions, “over 14.5 million U.S.
properties were equity rich — where the combined estimated amount of loans secured by the
property was 50 percent or less of the property’s estimated market value — up by more than
834,000 from a year ago to a new high as far back as data is available, Q4 2013.”
This means that over a quarter of Americans who have a mortgage would be able to sell
their homes and have a significant down payment toward their next home. Many who sell
could also use their new-found equity to pay off high-interest credit cards or help
children with tuition costs.
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8. Buyer Demand Continues to Outpace
Inventory of Homes For Sale
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The price of any item is determined by the supply of that item, as well as the
market's demand for that item. The National Association of Realtors (NAR)
surveys “over 50,000 real estate practitioners about their expectations for home
sales, prices and market conditions” for their Realtors Confidence Index.
Their latest edition sheds some light on the relationship between seller traffic
(supply) and buyer traffic (demand).
Bottom Line
Looking at the maps above, it is not hard to see why prices are appreciating in many
areas of the country. Until the supply of homes for sale starts to meet the buyer
demand, prices will continue to increase.
Buyer Demand
The map on the right was
created after asking the
question:
“How would you rate buyer
traffic in your area?”
The darker the blue, the
stronger the demand is for
homes in that area. There were
34 states that came in with
stable or strong demand levels.
Seller Supply
The index also asked:
“How would you rate seller traffic
in your area?”
As you can see from the map on the
left, 46 states reported "weak"
seller traffic, and only 5 states
reported "strong" seller traffic. This
means there are far fewer homes
available than what is needed to
satisfy the buyers who are out
looking for their dream homes.
9. 2 Factors To Watch In Today's Real Estate Market
When it comes to buying or selling a home there are many factors you should consider.
Where you want to live, why you want to buy or sell, and who will help you along your
journey are just some of those factors. When it comes to today’s real estate market though,
the top two factors to consider are what’s happening with interest rates & inventory.
Interest Rates
Mortgage interest rates had been on the rise for the majority of 2018, before slowing to
where they are now, below 4.5% according to Freddie Mac’s Primary Mortgage Market Survey.
The interest rate you secure when buying a home not only greatly impacts your monthly
housing costs, but also impacts your purchasing power.
Purchasing power, simply put, is the amount of home you can afford to buy for the budget
you have available to spend. As rates increase, the price of the house you can afford to buy
will decrease if you plan to stay within a certain monthly housing budget.
The chart below demonstrates the impact rising interest rates would have if you planned to
purchase a $400,000 home while keeping your principal and interest payments between
$2,020-$2,050 a month.
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With each quarter
of a percent
increase in
interest rate, the
value of the home
you can afford
decreases by 2.5%
(in this example,
$10,000). Experts
predict that
mortgage rates
will be closer to
5% by this time
next year.
10. Inventory
A ‘normal’ real estate market requires there to be a 6-month supply of homes for
sale for prices to increase only with inflation. According to the National Association
of Realtors (NAR), listing inventory is currently at a 3.9-month supply (still well
below the 6 months needed), which has put upward pressure on home prices. Home
prices have increased year-over- year for the last 83 straight months.
The inventory of homes for sale in the real estate market had been on a steady
decline and experienced year-over-year drops for 36 straight months (from July
2015 to May 2018), but we are starting to see a shift in inventory over the last
eight months.
The chart below shows the change in housing supply over the last 12 months
compared to the previous 12 months. As you can see, beginning in June, inventory
levels have started to increase as compared to the same time last year.
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Bottom Line
If you are planning to enter the housing market, either as a buyer or a seller, let’s get
together to discuss what changes in mortgage interest rates and inventory could
mean for you.
Last 12 Months
HOUSING SUPPLY
Year-Over-Year
11. Home prices are on the top of everyone’s minds. Can they maintain their current pace of
appreciation? Will mortgage rates impact home values? Will the next economic slowdown
cause prices to crash?
Let’s try to answer these questions based on what has happened in the past as well as what
we know about the current real estate market.
The Impact of Interest Rates
We explained earlier this year that rising mortgage rates have not negatively impacted
home prices in the past and probably wouldn’t this time either. Freddie Mac’s comments
were very direct:
“In the current housing market, the driving force behind the increase in prices is a low
supply of both new and existing homes combined with historically low rates. As
mortgage rates increase, the demand for home purchases will likely remain strong
relative to the constrained supply and continue to put upward pressure on home
prices.”
They were correct. So far this year, home values have continued to appreciate above normal
historic percentages and it appears the gradual increase in rates has had little impact on
prices.
The Impact of an Economic Slowdown
Many people fear that when the economy turns, we may see the same depreciation in
home values as we did a decade ago.
However, we reported that the same group of economists, real estate experts, and
investment & market strategists who predicted the next recession will occur in the next 1-2
years have also projected that home prices will continue to appreciate for the next five
years, albeit at smaller percentages.
What Does the Future Hold for Home Prices?
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12. It Comes Down to Supply and Demand
As always, home prices will be determined by the demand to purchase compared to
the available inventory of homes for sale. For the last six years, demand has far
exceeded the available supply which has resulted in the average annual appreciation
to top 6% since 2012. That is far greater than the historic norm of 3.6% annual
appreciation that we saw prior to the housing boom.
There are currently small signs that housing inventory is slowly beginning to
increase. Months supply of homes for sale increased as compared to last year over
the last 8 months after 36 consecutive months of decreasing inventory. New
construction data has also shown positive signs that inventory will be increasing.
As inventory begins to meet demand, we will see appreciation return to more
normal levels. We are already seeing projections coming in lower than the 6.6%
annual average we have seen more recently.
CoreLogic predicts that home values will appreciate by 4.6% over the next twelve
months.
Bottom Line
Mark Fleming, Chief Economist at First American, explained it best:
“We’re seeing the first indications that price appreciation may be
slowing, but the underlying fundamental housing market conditions
support a natural moderation of house prices rather than a sharp
decline.”
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13. Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until
the middle of November. After that point, rates returned to levels that we saw in August to
close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey.
After the first quarter of 2019, rates have continued their downward trend. As Freddie
Mac’s Chief Economist Sam Khater notes, this is great news for homebuyers.
“Mortgage rates have drifted to their lowest level in 10 months. This is great news
for consumers who are looking for homes during the upcoming spring homebuying
season.”
In some areas of the country, the combination of rising interest rates and rising home prices
have made some first-time buyers push pause on their home searches. But with more
inventory coming to market, continued price growth, and interest rates slowing, more buyers
will get back in the market!
Will This Trend Continue?
According to the latest forecasts from Fannie Mae, the Mortgage Bankers Association, and
the National Association of Realtors, mortgage rates will increase over the course of 2019,
but not at the same pace they did in 2018. You can see the forecasts broken down by
quarter below.
Is the Recent Dip in Interest Rates Here to Stay?
Bottom Line
Even a small increase (or decrease) in interest rates can impact your monthly
housing cost. If you are concerned about giving up a lower rate to move on to your
dream home, let’s get together to make your decision an informed one.
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Quarter Fannie Mae MBA NAR
Average of All
Three
2019 3Q 4.4 4.8 4.6 4.60%
2019 4Q 4.4 4.8 4.7 4.63%
2020 1Q 4.4 4.9 - 4.65%
2020 2Q 4.4 4.9 - 4.65%
14. So you’ve decided to sell your house. You’ve hired a real estate professional to help you
with the entire process and they have asked you what level of access you want to provide
to potential buyers.
There are four elements to a quality listing. At the top of the list is Access, followed by
Condition, Financing and Price. There are many levels of access that you could provide
to your agent to be able to show your home.
Here are five levels of access that you could provide to a buyer with a brief description:
• Lockbox on the Door – This allows buyers the ability to see the home as soon as they
are aware of the listing, or at their convenience.
• Providing a Key to the Home – Although the buyer’s agent may need to stop by an
office to pick up the key, there is little delay in being able to show the home.
• Open Access with a Phone Call – The seller allows showing with just a phone
call’s notice.
• By Appointment Only (example: 48 Hour Notice) – Many out-of-town/state buyers and
relocation buyers visit an area they would like to move to and only have the weekend to
view homes. They may not be able to plan that far in advance, or may be unable to wait
the 48 hours to be shown the house.
• Limited Access (example: the home is only available on Mondays or Tuesdays at 2 pm or
for only a couple of hours a day) – This is the most difficult way to be able to show your
house to potential buyers.
In a competitive marketplace, access can make or break your ability to get the price you
are looking for, or even sell your house at all.
The Role Access Plays In Getting Your House Sold!
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15. One of the biggest challenges sellers face when listing their house is decluttering.
Cleaning out some of the more personal decorating choices allows buyers to imagine
themselves living in the house.
Those planning to sell soon are in luck! Marie Kondo, the inventor of the KonMari Method
of Tidying Up, has gained popularity with her new Netflix series. She gives some great
tips for sorting through years of accumulated possessions that we all collect in our
homes.
“The KonMari Method™ encourages tidying by category – not by location – beginning
with clothes, then moving on to books, papers, komono (miscellaneous items), and,
finally, sentimental items. Keep only those things that speak to the heart, and
discard items that no longer spark joy. Thank them for their service – then let them
go.”
When you subjectively look at all of your belongings, you can sort through the ones that
mean the most to you. Not only will you increase space for more joy-bringing items in
your new home, but you will also have a much easier time packing remaining belongings!
“Remember, tidying up isn’t about getting rid of stuff. It is about creating an
environment that sparks joy and improves your quality of life.”
When selling your house, first impressions matter! Before you or your agent schedule a
photographer to take photos for your listing, make sure to tour your home with fresh
eyes. Look for any imperfections that a buyer might notice.
When you sort through your more sentimental items, consider packing them away to ensure
that you know where they all are. That way, they are safe during open houses and showing
appointments. This will also cut down on the amount of packing you need to do right
before you move!
Bottom Line
Whether you are selling your house to move up to a larger one, downsizing, or moving in
with family, only bring the items that truly spark joy for you. This will not only help cut
down on the items you move, but also ensures that you’re off to a great start in your new
home!
The KonMari Method:
Helping You Prep Your House For Sale
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16. If you’ve ever watched “The Price is Right,” you know that the only way to win is to
be the one to correctly guess the price of the item you want without going over!
That means your guess must be just slightly under the retail price.
In today’s shifting real estate market, where more inventory is coming to market
and home values are projected to appreciate at lower rates, homeowners will not
be able to price their homes as aggressively as they were able to just last year.
They will have to employ the same strategy: be the closest without going over!
As we have explained before, pricing your home at or slightly below market value
actually increases the number of buyers who will see your home in their search!
Over the last six months, more inventory has come to market while the months’
supply of inventory available has dropped. This means that the demand for homes
to buy is still very strong throughout the country!
Homeowners who make the mistake of overpricing their homes will eventually have
to drop the price. This leaves buyers wondering if the price drop was caused by
something wrong with the houses when in reality nothing was wrong, the price was
just too high!
Bottom Line
If you are thinking about listing your home for sale this year, let’s get together to
properly price your home from the start!
Make Sure The Price Is Right From The Start
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17. In today’s market, with home prices rising and a lack of inventory, some homeowners
may consider trying to sell their home on their own, known in the industry as a For
Sale By Owner (FSBO). There are several reasons why this might not be a good idea
for the vast majority of sellers.
Here are the top five reasons:
1.Exposure to Prospective Purchasers
Recent studies have shown that 95% of buyers search online for a home. That is
in comparison to only 13% looking at print newspaper ads. Most real estate
agents have an internet strategy to promote the sale of your home. Do you?
2.Results Come from the Internet
Where did buyers find the home they actually purchased?
• 50% on the internet
• 28% from a Real Estate Agent
• 7% from a yard sign
• 1% from newspapers
The days of selling your house by just putting up a sign and putting it in the paper
are long gone. Having a strong internet strategy is crucial.
3.There Are Too Many People to Negotiate With
Here is a list of some of the people with whom you must be prepared to
negotiate if you decide to For Sale By Owner:
• The buyer who wants the best deal possible
• The buyer’s agent who solely represents the best interest of the buyer
• The buyer’s attorney (in some parts of the country)
• The home inspection companies, which work for the buyer and will almost
always find some problems with the house
•The appraiser if there is a question of value
Why You Shouldn’t For Sale By Owner
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18. 4.FSBOing Has Become More and More Difficult
The paperwork involved in selling and buying a home has increased dramatically as
industry disclosures and regulations have become mandatory. This is one of the
reasons that the percentage of people FSBOing has dropped from 19% to 7% over the
last 20+ years.
5.You Net More Money When Using an Agent
Many homeowners believe that they will save the real estate commission by
selling on their own. Realize that the main reason buyers look at FSBOs is because
they also believe they can save the real estate agent’s commission. The seller and
buyer can’t both save the commission.
A study by Collateral Analytics revealed that FSBOs don’t actually save anything, and
in some cases may be costing themselves more, by not listing with an agent. One of
the main reasons for the price difference at the time of sale is:
“Properties listed with a broker that is a member of the local MLS will be
listed online with all other participating broker websites, marketing the
home to a much larger buyer population. And those MLS properties
generally offer compensation to agents who represent buyers, incentivizing
them to show and sell the property and again potentially enlarging the
buyer pool.”
If more buyers see a home, the greater the chances are that there could be a
bidding war for the property. The study showed that the difference in price between
comparable homes of size and location is currently at an average of 6%.
Why would you choose to list on your own and manage the entire transaction when
you can hire an agent and not have to pay anything more?
Bottom Line
Before you decide to take on the challenges of selling your house on your own,
let’s get together and discuss your needs.
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19. 5 Reasons
To Hire A
Real Estate Professional
Contracts
They help with all disclosures & contracts necessary
in today’s heavily regulated environment.
Experience
They are well educated in and experienced with the
entire sales process.
Negotiations
They act as a “buffer” in negotiations with all
parties throughout the entire transaction.
Pricing
They help you understand today’s real estate values when
setting the price of a listing or an offer to purchase.
Understanding of Current Market Conditions
They simply & effectively explain today’s real
estate headlines & decipher what they mean to
you.
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20. I’m sure you have questions and concerns about selling your house.
I would love to talk with you about what you read here, as well as help you on the path to
selling your house. My contact information is below. I look forward to hearing from you!
Anthony D’Alicandro
Broker/Owner
Northfield, New Jersey
anthonydalicandro@gmail.com
DwellSouthJersey.com
(609) 742-5254
Equal Housing Opportunity
CONTACT ME TO TALK MORE